Australian Market for Pumps in the Mining and Manufacturing Industries

Australian Market for Pumps in the Mining and Manufacturing Industries

 

RELEASE DATE
30-Jun-2009
REGION
Asia Pacific
Research Code: P2A6-01-00-00-00
SKU: IA01145-AP-MR_08181
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IA01145-AP-MR_08181
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Description

Driven by strong capital investment in the mining industry, and to a lesser extent the manufacturing industry, sales of pumps into these sectors in Australia have grown strongly over recent years. Sales of pumps into the mining sector have grown at a compound annual growth rate of almost 10 per cent from 2005 to 2008. The global economic downturn has impacted capital investment in both sectors, and together with lower levels of equipment utilisation (which affects replacement rates) growth in pump sales will turn negative in 2009. However the market growth rate is forecast to turn positive again in 2010 in the manufacturing sector and 2011 in mining.

Related Research
Driven by strong capital investment in the mining industry, and to a lesser extent the manufacturing industry, sales of pumps into these sectors in Australia have grown strongly over recent years. Sales of pumps into the mining sector have grown at a compound annual growth rate of almost 10 per cent from 2005 to 2008. The global economic downturn has impacted capital investment in both sectors, and together with lower levels of equipment utilisation (which affects replacement rates) growth in pump sales will turn negative in 2009. However the market growth rate is forecast to turn positive again in 2010 in the manufacturing sector and 2011 in mining.
More Information
No Index Yes
Podcast No
Industries Industrial Automation
WIP Number P2A6-01-00-00-00
Is Prebook No